Question

By selling a bi-cycle for ` 2024, the shopkeeper loses 12%. If he wishes to make a gain of 12% what should be the selling price of the bi-cycle?

Answer 1

Let the CP be Rs x
loss = 12% of x
so, SP = CP - Loss
            = x- 12x/100
            =88x/100
A/q,
88x/100 = 2024
⇒x = (2024×100)/88
      = 2300 
so, CP = Rs 2300
now, for making 12% gain,
gain = 12% of 2300
        =(12/100)×2300
        =276 
gain = Rs 276
so, SP = CP + gain 
            = 2300 +276
            =2576
SP = Rs 2576

Answer 2

please see the attachment.the answer is Rs. 2576.